Found 1 blog entry tagged as September Market Reports.

Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving.

September 2017 Monthly Indicators

New Listings were down 16.9 percent to 434. Pending Sales decreased 11.0 percent to 292. Inventory shrank 12.9 percent to 2,169 units. Prices moved higher as Median Sales Price was up 1.7 percent to $295,000. Days on Market increased 18.2 percent to 156 days. Months Supply of…

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